Bitcoin experienced a decrease in price by 2.74% from March 29 to April 5, 2024. The leading cryptocurrency faced struggles maintaining its value above $71,500 during the first part of the week but dropped to $64,500 later on, hitting a ten-day low. The amount of Bitcoin available on exchanges hit its lowest level in three years, with an outflow of 90,700 BTC noted over the past month. The engagement of banks with Bitcoin miners has commenced, signaling a common practice in the future. The narrowing gap between long-term and short-term investor supplies was indicated by the Glassnode analytical platform, attributing this trend to the increased price of BTC from mid-March to late April leading significant investors to take partial profits. Technically, Bitcoin remains optimistic as its price lies between a resistance level of $73,794 and support level of $60,760, trading above the 50-day moving average and with an RSI indicator above 50. The fear and greed index showed a continuous extreme greed among Bitcoin investors, remaining unchanged from the previous week at a value of 79.

Ethereum also faced a price decrease of 7.5% over the past week as its value dropped significantly, particularly on Tuesday when it fell by 6.46%. Ethereum's fundamental metrics seemingly remained strong, with metrics like revenue from fees rising by 155% to $1.17 billion and daily active users on the network increasing to 404,000. Despite the decline in price, the SEC's announcement regarding spot ETF applications by companies like Fidelity, Bitwise, and Grayscale Investments sparked interest in Ethereum. Technically, Ether is in a correction phase, with crucial support at $3,059 and resistance at $3,679.8.

Contrasting Bitcoin and Ethereum, Bitcoin Cash observed a price increase of nearly 10% during the week and surpassed $700 on April 1st for the first time since November 2021. The highlight of the week for Bitcoin Cash was its second halving event, marking a reduction in miners’ rewards to 3.125 BCH. The team announced an upcoming upgrade in May implementing the concept of an adaptive block size limit to enhance security against spam attacks and reduce transaction fees. Technically, Bitcoin Cash maintained an upward trend, with support and resistance levels identified at $562.8 and $718.87, respectively.

In summary, cryptocurrencies showcased diverse trends with Bitcoin and Ethereum witnessing price declines while Bitcoin Cash climbed due to its halving event on April 4, 2024.